Bank of Canada

Bank of Montreal’s wager on U.S. banking is proving profitable amid rising commercial lending, three years after doubling down on the Midwest with its biggest acquisition in the Canadian company’s 196-year history.

European Central Bank President Mario Draghi had a particularly interesting speech in which he mentioned that his institution is ready to act, stating, “We stand ready to adjust our policy stance further.”

The euro rose from its lowest in almost a year after Germany’s finance minister said comments by European Central Bank President Mario Draghi advocating support for euro-zone fiscal policy were “over-interpreted.”

The euro traded at almost its lowest level versus the dollar since November as investors held the largest position in two years betting on a drop in the currency before the region’s central bank meets this week.